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F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
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Amazon.com (AMZN) Stock Forecast, Price & News

$118.15
+2.65 (+2.29%)
(As of 05/18/2023 ET)
Compare
Today's Range
$116.34
$118.60
50-Day Range
$90.73
$115.50
52-Week Range
$81.43
$146.57
Volume
69.90 million shs
Average Volume
66.71 million shs
Market Capitalization
$1.21 trillion
P/E Ratio
281.31
Dividend Yield
N/A
Price Target
$143.12

Amazon.com MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
21.1% Upside
$143.12 Price Target
Short Interest
Healthy
0.60% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.57mentions of Amazon.com in the last 14 days
Based on 65 Articles This Week
Insider Trading
Selling Shares
$6.05 M Sold Last Quarter
Proj. Earnings Growth
50.96%
From $1.57 to $2.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Retail/Wholesale Sector

46th out of 209 stocks

Catalog & Mail-Order Houses Industry

1st out of 13 stocks


AMZN stock logo

About Amazon.com (NASDAQ:AMZN) Stock

Amazon, or Amazon.com, is the world's largest and leading portal for eCommerce. It was founded by Jeff Bezos, incorporated in 1994, and later went public in 1997. The company is headquartered in Seattle, Washington, and is a member of the influential FAANG group of stocks. When it comes to stocks, Amazon is proof that small companies can do big things; the AMZN stock price was pennies when it was first listed and now it trades well over $100 (split adjusted) per share.

The company is not a true retailer nor a pure-play manufacturer but in the business of connecting consumers and merchants together. The website was first created as a means of selling books at a discount but it has since grown to include most verticals in the retail sector. A few of the products the company does manufacture are the Kindle and Fire Tablets, Fire TVs, and smart home devices like Echo. Echo is powered by an AI personality named Alexa which can take vocal commands from its users.

Today, Amazon operates in three segments including North America, International, and Amazon Web Services. The first two segments are the core retail business while Amazon Web Services includes a host of Internet-related services for consumers and businesses alike. A little-known fact is that Amazon Web Services is as important to the function of the Internet as Google because of the infrastructure it provides and it hosts so many business websites.

Services provided by Amazon for merchants include listing, fulfillment, and advertising as well as subscriptions. Services provided by Amazon Web Services include cloud computing, storage, database maintenance, analytics, machine learning, and even artificial intelligence. In regard to the company's operations, Amazon Web Services is the smaller of the three segments but is a fast-growing and well-established part of the business that has had a positive influence on the AMZN stock price.

Among the many ancillary services provided by Amazon is Kindle Direct Publishing. This is a cloud-based service that enables writers and publishers to publish their works directly in the Kindle Store. Kindle, if you are unaware, is an Internet-connected tablet designed for reading books but also streams other forms of entertainment. Amazon also develops and publishes its own media content that is available via Kindle or the Amazon App that can be found on most smart TVs.

Amazon is also a disruptor, moving into new digital markets whenever it thinks it can make a profit. The move into streaming is only one example, another is a push into healthcare. Amazon Prime is another disruptive move and is a subscription service that entitles members exclusive access to Amazon services.

Amazon's stock price can be affected by factors including the pace of revenue growth, profitability, growth in the AWS segment, and any stock splits that may occur. The Amazon share price was impacted by splits 4 times between the IPO in 1997 and June 2022 and additional splits should be anticipated. The forecast for Amazon stock, splits aside, is for steadily increasing price action punctuated by pullbacks, corrections, and consolidations. While there is competition for Amazon, this company is entrenched and will stand the test of time because eCommerce is the way businesses thrive in today's markets.

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AMZN Stock News Headlines

Oil drilling project near mouth of Amazon River rejected by Brazil's environmental regulator
Brazil’s environmental regulator has refused to grant a license for a controversial offshore oil drilling project near the mouth of the Amazon River, prompting celebration from environmentalists who had warned of its potential impact
Oil project near Amazon River mouth blocked by Brazil's environment agency
Brazil’s environmental regulator has refused to grant a license for a controversial offshore oil drilling project near the mouth of the Amazon River, prompting celebration from environmentalists who had warned of its potential impact
World-Renowned Brazilian Restaurant Debuts in Canada
Invest in Debut's Exclusive Franchise of Acclaimed Brazilian Churrasco Restaurant Brand.
Minnesota lawmakers bolster quota protections for warehouse workers
Minnesota lawmakers have passed a bill that would provide more protection for warehouse workers who have to meet productivity quotas, a move aimed at helping employees at companies like Amazon
Up Over 2,600% in 5 Years, Wall Street Still Calls Celsius a Buy (AMZN)
In the ultra-competitive beverage industry, Celsius is making a name for itself and is now up more than 20% year-to-date.
7 Best Retail Stocks to Invest in (AMZN)
Retail stocks allow investors to own stock in businesses where they shop. Learn more about the best retail stocks to invest in on MarketBeat.
Cartier's use of images of Amazon tribe prompts Indigenous advocates to allege hypocrisy
Until two months ago, Cartier’s website showed Indigenous children playing in a field of tall, green grass
Nasdaq 100 Hits 2023 Highs As Google, Amazon Join The Tech Rally (AMZN)
The Nasdaq 100 index hit new 2023 highs, boosted by AI news from Alphabet, as other top components, including Microsoft, Nvidia and Apple took a breather.
Highly Profitable Restaurant Brand Expands to Canada
Invest in the Canadian Expansion with Debut: The Exclusive Franchisee with Proven Success.
Oracle Stock Climbs For Third Month, Still In Buy Range (AMZN)
Oracle, a well-established enterprise software provider, has seen its shares rise for three consecutive months, outperforming newer competitors.
Amazon to receive $1 billion in tax breaks in eastern Oregon for new data centers
Officials in a rural county in northeastern Oregon have voted to give tax breaks worth an estimated $1 billion to Amazon for five more data centers there
Amazon begins offering physical products in games, VR
Amazon said Tuesday it launched a new service that will allow customers to purchase physical products while playing video games or interacting in virtual reality
What's Going On With Amazon Thursday
Amazon Launches 4 New Echo Products
See More Headlines
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AMZN Company Calendar

Last Earnings
4/27/2023
Today
5/18/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Catalog & mail-order houses
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:AMZN
CUSIP
02313510
Employees
1,541,000
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$143.12
High Stock Price Forecast
$270.00
Low Stock Price Forecast
$111.00
Forecasted Upside/Downside
+21.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
43 Analysts

Profitability

Net Income
$-2,722,000,000.00
Pretax Margin
0.66%

Debt

Sales & Book Value

Annual Sales
$513.98 billion
Cash Flow
$5.01 per share
Book Value
$15.06 per share

Miscellaneous

Outstanding Shares
10,260,350,000
Free Float
8,957,289,000
Market Cap
$1.21 trillion
Optionable
Optionable
Beta
1.26

Social Links


Key Executives

  • Andrew R. JassyAndrew R. Jassy
    President, Chief Executive Officer & Director
  • Brian T. OlsavskyBrian T. Olsavsky
    Chief Financial Officer & Senior Vice President
  • Amit Agarwal
    Senior VP & Country Manager-Amazon India
  • David A. ZapolskyDavid A. Zapolsky
    Secretary, Senior Vice President & General Counsel
  • Rohit Prasad
    Vice President & Head Scientist-Alexa













AMZN Stock - Frequently Asked Questions

Should I buy or sell Amazon.com stock right now?

43 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amazon.com in the last year. There are currently 2 hold ratings and 41 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMZN shares.
View AMZN analyst ratings
or view top-rated stocks.

What is Amazon.com's stock price forecast for 2023?

43 analysts have issued 12 month price targets for Amazon.com's stock. Their AMZN share price forecasts range from $111.00 to $270.00. On average, they anticipate the company's stock price to reach $143.12 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
View analysts price targets for AMZN
or view top-rated stocks among Wall Street analysts.

How have AMZN shares performed in 2023?

Amazon.com's stock was trading at $84.00 at the beginning of 2023. Since then, AMZN shares have increased by 40.7% and is now trading at $118.15.
View the best growth stocks for 2023 here
.

When is Amazon.com's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our AMZN earnings forecast
.

How were Amazon.com's earnings last quarter?

Amazon.com, Inc. (NASDAQ:AMZN) issued its quarterly earnings data on Thursday, April, 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. The e-commerce giant earned $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. Amazon.com had a net margin of 0.82% and a trailing twelve-month return on equity of 5.85%. Amazon.com's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS.
Read the conference call transcript
.

When did Amazon.com's stock split?

Amazon.com shares split before market open on Monday, June 6th 2022. The 20-1 split was announced on Wednesday, March 9th 2022. The newly issued shares were distributed to shareholders after the closing bell on Friday, June 3rd 2022. An investor that had 100 shares of stock prior to the split would have 2,000 shares after the split.

What guidance has Amazon.com issued on next quarter's earnings?

Amazon.com issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $127.00 billion-$133.00 billion, compared to the consensus revenue estimate of $129.83 billion.

What is Andrew Jassy's approval rating as Amazon.com's CEO?

18,663 employees have rated Amazon.com Chief Executive Officer Andrew Jassy on Glassdoor.com. Andrew Jassy has an approval rating of 83% among the company's employees. 74.0% of employees surveyed would recommend working at Amazon.com to a friend.

What other stocks do shareholders of Amazon.com own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amazon.com investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), General Electric (GE), Alphabet (GOOG), Walt Disney (DIS) and Salesforce (CRM).

What is Amazon.com's stock symbol?

Amazon.com trades on the NASDAQ under the ticker symbol "AMZN."

Who are Amazon.com's major shareholders?

Amazon.com's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (3.23%), FMR LLC (2.70%), Price T Rowe Associates Inc. MD (1.84%), Geode Capital Management LLC (1.61%), Wellington Management Group LLP (0.74%) and Bank of New York Mellon Corp (0.73%). Insiders that own company stock include Adam Selipsky, Amazon Com Inc, Andrew R Jassy, Brian T Olsavsky, Daniel P Huttenlocher, David H Clark, David Zapolsky, Douglas J Herrington, Indra K Nooyi, Jeffrey A Wilke, Jeffrey P Bezos, Jeffrey P Bezos, John G Sznewajs, Jonathan Rubinstein, Judith A Mcgrath and Shelley Reynolds.
View institutional ownership trends
.

How do I buy shares of Amazon.com?

Shares of AMZN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Amazon.com's stock price today?

One share of AMZN stock can currently be purchased for approximately $118.15.

How much money does Amazon.com make?

Amazon.com (NASDAQ:AMZN) has a market capitalization of $1.21 trillion and generates $513.98 billion in revenue each year. The e-commerce giant earns $-2,722,000,000.00 in net income (profit) each year or $0.42 on an earnings per share basis.

How many employees does Amazon.com have?

The company employs 1,541,000 workers across the globe.

Does Amazon.com have any subsidiaries?
The following companies are subsidiares of Amazon.com: 2lemetry, A100 ROW Inc., AbeBooks, Accept.Com, Aditya Birla Fashion and Retail, Alexa, Amazon Data Services Inc., Amazon Technologies Inc., Amazon US Services LLC, Amazon Web Services Inc., Amazon.com NV Investment Holdings LLC, Amazon.com Sales Inc., Amazon.com Services LLC, Amiato, Amie Street, Angel.ai, Annapurna Labs, Audible, Back To Basics Toys, Biba, Blink, Body Labs, BookSurge, Bookpages, Brilliance Audio, BuyVIP, CDNOW, Canvas Technology, Cloud9, Clusterk, Comixology, Convergence Corporation, CustomFlix, Dispatch, Double Helix Games, E8 Storage, EMVANTAGE Payments, Elemental Technologies, Evi, Exchange.Com, Fabric.com, GameSparks, GlowRoad, Goodreads, Graphiq, Health Navigator, IMDB, INLT, IVONA Text-To-Speech, Immedia, Joyo.com, Junglee, Kiva Systems, LOVEFiLM, Leep Technology, Lexcycle, Liquavista, LiveBid, MGM Studios, Mobipocket.com, Orbeus, OurHouse, Perpule, PillPack, PlanetAll.com, Prione, Pushbutton, Quidsi, Quorus, Reflexive Entertainment, Ring, Rooftop Media, Safaba Translation Solutions, Screentech, Selz, Shelfari, Shoefitr, Shopbop, SnapTell, Souq.com, Stanza, Tapzo, TeachStreet, Telebook, TenMarks Education, TextPayMe, The Book Depository, Touchco, Twitch, Umbra3D, UpNext, Veeqo, Whole Foods Market, Without A Box, Woot, Yap, Zappos, Zoox, dpreview, and eero.
Read More
How can I contact Amazon.com?

Amazon.com's mailing address is 410 TERRY AVENUE NORTH, SEATTLE WA, 98109. The official website for the company is www.amazon.com. The e-commerce giant can be reached via phone at (206) 266-1000, via email at amazon-ir@amazon.com, or via fax at 302-636-5454.

This page (NASDAQ:AMZN) was last updated on 5/18/2023 by MarketBeat.com Staff

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